Naira Scarcity: Protest rocks Ogun as two Banks set ablaze

Two banks have been set on fire in the Sagamu area of Ogun State as protesters storm the streets of the state over the naira scarcity.

Newsflash Nigeria learnt that some youths on Monday set ablaze Keystone and Union banks.

Residents watched as Keystone and Union bank buildings were set ablaze by the protesters who were also protesting the petrol scarcity in the state. The buildings were believed to be empty at the time of the incident.

The protesters also made a bonfire in different sections of the roads in the area.

The Monday incident occurred days after a similar one in the state.

Recall that protesters last week Friday protested the naira scarcity in the Mowe-Ibafo area of Ogun State.

The resident also blocked the Lagos-Ibadan Expressway in protest against the policy of the Central Bank of Nigeria (CBN) which has caused hardship in the country.

A Twitter user, @General Oblack in his reaction to the development wrote, “To be very honest I am not seeing this as a kind of naira scarcity protest again. My view about the whole thing happening here is that some people are trying to disrupt the electoral process so that election won’t hold @NigeriapolicePR, please be alerted.”

Another one @CentParrot wrote, “CBN is pushing 200 and other lesser notes into the banks to reach the citizens. As you burn down the banks in your vicinity, hope you’re ready to trek to the banks in another person’s town or LGA to withdraw your 2k.”

Another user, @morningstar_305 wrote, “I just put a call through to the house and it was confirmed to me that keystone bank and union bank at Ijoku has been set ablaze by angry citizens.”

While popular tweep, Pooja, wrote, “If you are in Sagamu, be careful cos there is a protest on new naira notes.”

Meanwhile, on Thursday last week, President Muhammadu Buhari, in a national broadcast had said the old N500 and N1,000 notes were no longer legal tender in the country, however extending the validity of the old N200 note for 60 days, till April 10, 2023.

At the time of filing this report, the Ogun State police command is yet to react to the incident.

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